Examlex

Solved

A Company Records a Gain on Bargain Purchase of $40

question 19

Multiple Choice

A company records a gain on bargain purchase of $40 000 on the acquisition of a subsidiary.Assuming there are no other tax adjustments for any companies,if the trading profit of the group before tax were $140 000,and given a tax rate of 30%,the group income tax expense would be:


Definitions:

Correlation Coefficients

A metric showing how much two or more variables change in relation to one another.

Predictions

The act of forecasting future events based on current or past trends, patterns, or data.

Happiness

A state of well-being and contentment characterized by feelings of joy, satisfaction, and fulfillment.

Health

A condition of total well-being encompassing physical, mental, and social health, rather than just the lack of sickness or weakness.

Related Questions